16,304 Advanced Drainage Systems, Inc. $WMS Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 77.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,700 shares of the construction company’s stock after selling 16,304 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Advanced Drainage Systems were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Advanced Drainage Systems during the 2nd quarter worth $1,172,482,000. Amundi raised its position in Advanced Drainage Systems by 5.1% in the second quarter. Amundi now owns 1,354,610 shares of the construction company’s stock valued at $212,681,000 after purchasing an additional 65,938 shares during the period. KBC Group NV raised its position in Advanced Drainage Systems by 1.7% in the first quarter. KBC Group NV now owns 916,981 shares of the construction company’s stock valued at $125,746,000 after purchasing an additional 14,915 shares during the period. Bamco Inc. NY acquired a new position in shares of Advanced Drainage Systems during the second quarter worth about $106,800,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Advanced Drainage Systems by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 519,242 shares of the construction company’s stock worth $71,204,000 after purchasing an additional 29,037 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 1.2%

Shares of Advanced Drainage Systems stock traded up $1.48 during trading hours on Friday, hitting $124.11. 1,152,282 shares of the company’s stock traded hands, compared to its average volume of 729,573. The stock has a 50 day simple moving average of $130.03 and a 200-day simple moving average of $143.09. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95. The company has a market cap of $9.36 billion, a PE ratio of 23.60, a PEG ratio of 1.60 and a beta of 1.30. Advanced Drainage Systems, Inc. has a twelve month low of $119.53 and a twelve month high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, November 5th. The construction company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.81 by $0.07. The business had revenue of $889.41 million for the quarter, compared to analysts’ expectations of $921.79 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.57 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, December 1st. Advanced Drainage Systems’s dividend payout ratio is presently 13.82%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WMS shares. Robert W. Baird set a $206.00 target price on Advanced Drainage Systems in a research note on Friday, August 7th. Oppenheimer reissued an “outperform” rating and set a $180.00 price target (down from $185.00) on shares of Advanced Drainage Systems in a research report on Friday. Stephens reaffirmed an “overweight” rating and issued a $175.00 price objective on shares of Advanced Drainage Systems in a research report on Monday, September 21st. Barclays lowered their price objective on shares of Advanced Drainage Systems from $191.00 to $183.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Zacks Research upgraded shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.40.

Key Stories Impacting Advanced Drainage Systems

Here are the key news stories impacting Advanced Drainage Systems this week:

• Positive Sentiment: ADS declared a quarterly dividend of $0.20 per share, payable December 15, with a December 1 ex-dividend date. The annualized payout is $0.80 per share, a 0.6% yield.
• Neutral Sentiment: Royal Bank of Canada, Oppenheimer and Barclays lowered their price targets to $163, $180 and $183, respectively, but maintained “outperform” or “overweight” ratings. The revised targets still imply substantial upside from the cited $124.11 share price. Royal Bank of Canada rating information Oppenheimer rating information Barclays rating information
• Negative Sentiment: Fiscal Q2 2027 revenue of $889.4 million fell short of the roughly $921.8 million estimate. EPS was $1.88—above one consensus estimate of $1.81, but below Zacks’ $1.89 estimate—and down from $1.97 a year earlier. Reports also cited a cut to guidance, contributing to the sharp post-results decline in shares. Second-quarter results announcement Earnings coverage

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.